APA (NASDAQ:APA) PT Raised to $54.00

APA (NASDAQ:APA) had its target price increased by equities researchers at Susquehanna from $50.00 to $54.00 in a note issued to investors on Monday, Benzinga reports. The brokerage presently has a “positive” rating on the stock. Susquehanna’s target price suggests a potential upside of 66.87% from the company’s previous close.

APA has been the subject of several other research reports. The Goldman Sachs Group reduced their price objective on shares of APA from $35.00 to $31.00 and set a “sell” rating for the company in a research note on Tuesday, March 26th. Roth Mkm boosted their price target on APA from $37.00 to $39.00 and gave the stock a “buy” rating in a research note on Tuesday, April 2nd. Truist Financial lowered their price target on APA from $59.00 to $53.00 and set a “buy” rating on the stock in a report on Friday, April 5th. JPMorgan Chase & Co. lifted their price objective on APA from $38.00 to $40.00 and gave the stock a “neutral” rating in a report on Thursday, April 11th. Finally, Johnson Rice lowered shares of APA from a “buy” rating to a “hold” rating and set a $40.00 price objective on the stock. in a research report on Friday, January 5th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, APA currently has an average rating of “Hold” and a consensus price target of $42.10.

APA Stock Performance

Shares of APA stock opened at $32.36 on Monday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.41. The stock has a 50 day simple moving average of $32.37 and a 200-day simple moving average of $34.61. The company has a market cap of $9.74 billion, a price-to-earnings ratio of 3.49 and a beta of 3.27. APA has a 12-month low of $29.47 and a 12-month high of $46.15.

APA (NASDAQ:APA) last released its quarterly earnings data on Thursday, February 22nd. The company reported $1.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.33 by ($0.18). The business had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $2.07 billion. APA had a return on equity of 62.64% and a net margin of 34.95%. The company’s revenue was down 12.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.48 EPS. On average, equities analysts forecast that APA will post 4.85 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. American National Bank raised its holdings in shares of APA by 208.5% in the 1st quarter. American National Bank now owns 725 shares of the company’s stock worth $25,000 after purchasing an additional 490 shares during the period. Covestor Ltd raised its holdings in APA by 117.8% in the first quarter. Covestor Ltd now owns 808 shares of the company’s stock valued at $33,000 after buying an additional 437 shares during the period. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of APA during the 3rd quarter valued at $34,000. Quent Capital LLC lifted its holdings in shares of APA by 64.0% during the 4th quarter. Quent Capital LLC now owns 961 shares of the company’s stock valued at $34,000 after acquiring an additional 375 shares in the last quarter. Finally, Rakuten Securities Inc. acquired a new stake in shares of APA in the fourth quarter valued at about $34,000. 83.01% of the stock is owned by hedge funds and other institutional investors.

About APA

APA Corporation, an independent energy company, explores for, develops, and produces natural gas, crude oil, and natural gas liquids. It has oil and gas operations in the United States, Egypt, and North Sea. The company also has exploration and appraisal activities in Suriname, as well as holds interests in projects located in Uruguay and internationally.